Joe Smith on Making $61M During NBA Career, $18M After Taxes, Broke After Divorce (Part 14)

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Part 13: https://youtu.be/DkimEQVaq3M
Part 15: https://youtu.be/U-UzYERHZR4
Part 1: https://youtu.be/I_6FtnIrrOE
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Joe Smith opened up about the toll of personal life on his wealth. Smith, who made a total of $61 million over his professional basketball career, admitted he fathered four children outside his marriage. The final straw for his wife was a picture posted on Twitter showing Smith asleep with a woman. Smith confessed that the divorce took a sizable chunk of his retirement money (approximately $3 million) and landed him $157,000 in debt. Further contributing to his financial troubles were poor real estate deals and expensive car purchases. He strongly emphasized the need for young and upcoming athletes to manage their income wisely to avoid facing a similar situation in the future.

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